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(GLOBE) Globe Textiles complete technical analysis [charts+indicators] | Buy/Sell Globe Textiles | (GLOBE) share price targets

Complete technical analysis of Globe Textiles (GLOBE) by charts plus indicators, forecast predictions and share price targets for Globe Textiles (GLOBE)

Showing technical analysis as on 2024-06-07 View latest technical analysis

10 day averaged volume of Globe Textiles is 2813072

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	2.95	2.70	2.95	2.70	0.882 times
06 Thu Jun 2024	2.70	2.90	2.95	2.70	1.72 times
05 Wed Jun 2024	2.85	3.00	3.00	2.85	2.125 times
04 Tue Jun 2024	3.00	3.05	3.05	2.90	1.369 times
03 Mon Jun 2024	3.00	3.05	3.10	2.95	0.5 times
31 Fri May 2024	3.00	3.05	3.05	2.95	0.264 times
30 Thu May 2024	3.00	3.05	3.05	2.95	0.222 times
29 Wed May 2024	3.00	3.10	3.10	2.95	1.292 times
28 Tue May 2024	3.00	3.10	3.10	3.00	0.449 times
27 Mon May 2024	3.00	3.05	3.05	2.95	0.85 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2.9 as stoploss in an intra day buy trade for a target of 3.02. However, stock will show a bearish move below 2.9.

Share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Target	2.70
Downside Target	2.85
Downside Target	2.95
Upside Target	3.10
Upside Target	3.20
Upside Target	3.30
Upside Target	3.40
Upside Target	3.80
Upside Target	3.90
Upside Target	6.00

Intraday share price targets for Globe Textiles (GLOBE)

Target Type	Value
Downside Intraday Target	2.73
Downside Intraday Target	2.52
Upside Intraday Target	3.13
Upside Intraday Target	3.32
Downside Intraday Target	2.92

Weekly technical analysis of Globe Textiles (GLOBE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	2.95	3.05	3.10	2.70	2.144 times
31 Fri May 2024	3.00	3.05	3.10	2.95	0.486 times
24 Fri May 2024	2.95	3.30	3.30	2.85	0.889 times
18 Sat May 2024	3.25	3.25	3.40	2.95	1.442 times
10 Fri May 2024	3.35	3.65	3.80	3.20	1.566 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Globe Textiles (GLOBE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	2.95	3.05	3.10	2.70	0.292 times
31 Fri May 2024	3.00	3.55	3.80	2.85	1.783 times
30 Tue Apr 2024	3.50	3.80	3.90	3.30	0.691 times
29 Fri Sep 2023	5.75	3.25	6.00	3.25	26.476 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Globe Textiles (GLOBE)

Price action analysis of Globe Textiles ( (GLOBE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Globe Textiles ( (GLOBE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Globe Textiles ( (GLOBE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Globe Textiles stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Globe Textiles in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Globe Textiles Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Globe Textiles in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Globe Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.91 and Globe Textiles (GLOBE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Globe Textiles (GLOBE) stock. Volume based technical analysis of Globe Textiles (GLOBE) stock is negative.

Globe Textiles Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.